BC Real Estate Commission Calculator in Vancouver – Our 1% fee.
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by Richard Morrison
- June 29, 2022
- Tips
- 0
Use the Calculator Below to See How Much You Will Save.
Welcome to our BC Real Estate Commission Calculator for Vancouver. This tool is designed to help property sellers in Vancouver, British Columbia, estimate the potential real estate commissions they may pay upon the successful sale of their property.
It provides a clear and straightforward breakdown of commission costs based on current BC real estate commission rates.
With just a few clicks, you can calculate the commission that may be charged by your real estate agent, giving you a clearer understanding of your potential selling costs and enabling you to plan your property sale with added confidence.
Now that you’re familiar with the purpose of our BC Real Estate Commission Calculator, it’s time to put it to use. This easy-to-use calculator is your key to unlock potential costs tied to your property sale. Start by entering your estimated property sale price into the calculator.
So, why wait? Try our BC Real Estate Commission Calculator today and take a step forward in your real estate journey.
WHY LIST WITH RICHARD MORRISON?
A PROVEN TRACK RECORD
Richard Morrison has been a leading point of contact for local and overseas buyers for almost 20 years. Richard has personally received the REMAX Lifetime Hall of Fame Award as a token of his track record and commitment to his clients.
With us and will benefit from our global connections to buyers and high quality real estate professionals around the world.
Together with our Leading RE partners we form one of the top real estate networks in North America based on annual unit sales.
About Richard Morrison
Richard Morrison started dealing in real estate for almost 20 years and has continued to grow through the years and the changes in the real estate market. He is established and respected, having a strong track record throughout British Columbia.
Today, Richard runs a one of BC’s largest independent full service real estate website flyawaycafe.com, with residential, property management and project marketing solutions. And we’re proudly BC-owned and operated.
Education and Support
Our agents are backed by programs and support that allow them to offer the best service possible for their clients. From our mandatory training to ensure agents are up to date on industry changes, to our commitment to specialty education such as negotiation training, clients can feel confident in the knowledge that our agents are operating with the latest information and strategies for the variety of situations that may arise during your sale.
MLS Medallion Member
9 Years
Awards& Noteworthy Mentions
- MLS Medallion Member – 9 Years
- RE/MAX HALL OF FAME
- RE/MAX Lifetime Achievement Award
- Most Referred Certified Member
- Co-author of Real Estate Action 2.0
link: https://amzn.to/3iJS18m
Richard is the Co-Author of Real Estate Action 2.0 | Understanding is Easy… Doing it is the Challenge
Client Reviews
“We have been working with Richard Morrison for 3+ years, and he had been of great assistance since day one with his professional approach from selling our home in West Vancouver. He has been very informative, professional, flexible and understanding. He is also an avid Yoga Instructor, which is always refreshing as he brings a unique trait unlike any other real estate agent in BC. Highly recommended.
–Samiya Jahan, Seller
“In an industry where authenticity is hardly a stock-in-trade, Richard distinguishes himself first and foremost by his character. He is, moreover, an extremely knowledgeable Vancouver realtor. From the macroeconomic factors that influence the market to the local dynamics that determine deals, he has a comprehensive understanding of real estate. We could not have had a better guide and companion in seeking out and buying our westside Vancouver home. I cannot recommend him too highly.
–David Macdonald, Seller
“I recently finished selling a strata property with Richard in New Westminster.
Richard is a professional who understood my needs. I received great advice in a timely manner. I was delighted with multiple offers in a slower market. I highly recommend Richard. We sold a condo and now we will look for our next property together in New Westminster. Thank you Richard!”– Chris Gresat, Seller
____________________
Feel free to ask me for the contact of my past clients. I will gladly provide you with their name and phone number so you may speak with them.
Alternatively you may also see video testimonials on this link:
Vancouver Commission Calculator Real Estate 1% fee
The home sale proceeds real estate commission calculator calculator above uses the costs of selling a home in Vancouver to estimate how much commission you it will cost to sell your home with us (when you do more than 1 transaction with us you will save as we only charge 1% on your home sale*).
Around half (50%) of the 7% on the 1st $100,000 and 2.5% on the balance is payable to a buyers agent who brings the seller an offer that completes at the Land Titles Office.
According to Canada’s Competition Act, there we Realtors are not supposed to say there is a standard real estate commission.
Real Estate commissions and the net proceeds (ie the amount a Seller receives from a real estate sale after costs) are often confusing for prospective property Sellers in Vancouver.
Most Sellers aren’t sure about how much commission they will have to pay (Check out my great video on what I charge for Real Estate Commissions) and how much tax (GST/HST) will be payable on the real estate commission fee once the property sells.
This calculator clears up this confusion!
Realtor Commissions Calculated!
All you need to do is input the potential sale price of the property in question (Not sure how much the sale price is? Check out this great video on Comparative Market Analysis or call me! in the form above.
Then click “Calculate” and you will get the sale proceeds from the property after all the real estate commissions and HST/GST on the commission are deducted. Basically, this commission calculator lets you know how much you will end up within your pocket when you sell your property in Vancouver after all is said and done.
Remember Folks! There is no standard or average real estate commission fee in Vancouver and across Canada and your Realtor fees are negotiable always!
Remember! Around 50% of the Commission calculated above goes to the Buyers Agent who brings an offer that gets accepted that gets accepted and Completes at the Land Titles Office!
Buyers Looking to Calculate Commissions on a Purchase?
The good news is that in 99% of the time Buyers of Property in Vancouver DO NOT directly pay commission to their Buyers Agent. To learn more check out this informative video on how Buyers Agents get paid in Vancouver!
Looking for advice on selling a home in Vancouver? Check out these great videos on How to Sell a Home in Vancouver!
Wondering How Much Tax There Might be on The Sale Proceeds of Your Property in Canada?
Check out this great video on the definition of a Primary Residence in Canada!
Estimated Home Sale Proceeds.
Based on your estimated sale price, outstanding mortgage balance, and real estate fees and taxes, this is the estimated amount you’ll walk away with when you sell your home.
Estimated Sale Price.
We use the estimated sale price of your home to calculate your net proceeds. To find out what your home is worth, get a free estimate of your home’s value from us.
Real Estate Agent Commission.
Typically 2% to 4% of your home’s sale price will go toward real estate agent commission when you sell your home. In most locations, this is split equally between your agent and the buyer’s agent..
Savings with Strawhomes.
When you sell your home with a us, you pay a low 1%–1.5% listing fee.* You still have to pay the buyer’s agent fee of 1.5%–2.5%.
Outstanding Mortgage Balance.
Your outstanding mortgage balance is subtracted from the estimated sale price to determine how much you can walk away with when you sell. For the most accurate estimate, make sure to use your current mortgage balance.
Lawyer Fee.
Lawyers/ Notaries handles the exchange of money and documents in a real estate transaction. This cost covers the escrow fees associated with your home sale.
Misc. Fees.
You may need to pay other fees when you sell your home, including recording fees or homeowners association fees. The home sale proceeds calculator is intended for planning and educational purposes only. All calculations and costs are estimated and no warranty, express or implied, is made that all possible costs have been included.
You can use a Real Estate Commission Calculator to get an idea of the percentage of a sale that will be paid to the real estate agent. The user simply enters the price of the property they’re interested in and hits the “Calculate Commission” button. You can also find a free real estate commission calculator.
You can use this calculator to see how much your agent is likely to charge and what you’ll end up with. This calculator makes calculating the commission much easier than ever.
The Real Estate Commission Calculator is very useful in calculating how much you’ll pay for a particular real estate transaction. It calculates commissions from both the buyer and seller and even allows you to calculate the commission for a vacation rental. Real estate commissions are an important part of any real estate transaction, and they’re usually negotiable in Canada. Because the commissions are set by the real estate agents, you’ll need a real estate commission calculator to make sure you’re paying the lowest possible amount.
Disclaimer:
*Minimum commissions apply. Buyer’s agent commission not included.
Strawhomes.com does not make any express or implied warranties with respect to the information or results in connection to this, or any other calculator. Strawhomes.com will not be held liable for any losses or damages resulting from any errors or omissions in any information or results, or any action or decision made by users in reliance on any information or results. Please consult a financial professional when making important financial decisions.
Ready to turn your real estate dreams into reality? Contact Richard Morrison, Vancouver’s top realtor with 20+ years of experience. As a Medallion Club member and RE/MAX Hall of Fame award winning agent, he’s the expert you need on your side. Whether buying, selling, or investing, Richard’s personalized approach and deep market insights ensure a successful transaction. Reach out to Richard today at (778) 900-2235 and make your real estate journey seamless and rewarding.
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